Stmt.re Brazilian Operations

Ocean Wilsons Holdings Ld
06 December 2004


The Board of Ocean Wilsons Holdings Limited announces that it is in the early
stages of reviewing strategic options in relation to the Company's Brazilian
operations. The Board wishes to stress that no decisions have been reached and
that a potential sale of any of the Brazilian businesses, or any part thereof,
is only one of a number of options under consideration, which includes
continuing as at present.  A further announcement will be made if appropriate.


                      This information is provided by RNS
            The company news service from the London Stock Exchange